Over 8,300 people have already hopped on board this initiative!
Picture this: a nearly four-year-long courtroom drama between Ripple and the US Securities and Exchange Commission (SEC). It's been a rollercoaster of updates lately, with one of the biggest twists being Judge Torres’s decision in August. She ruled that selling XRP to retail investors on secondary markets didn't count as securities transactions. But hold your applause – Ripple still got slapped with a $125 million fine for breaching some securities laws.
Ripple folks were pretty relieved, though, because that penalty was a whopping 94% less than the SEC's original $2 billion demand. Naturally, many expected the SEC to appeal, and bingo, they did.
This news hit XRP's price with a hefty punch and ruffled some feathers in the community. Enter the XRP Army, who are rallying the troops with a petition titled “Stop the SEC’s Unnecessary and Frivolous Appeal in the Ripple v. SEC Case.” Their mission? To make some noise and get heard loud and clear.
Their message is simple: halt the SEC’s baseless appeal in this Ripple v. SEC saga. This isn’t just about Ripple anymore; it’s about the core principles of digital currency regulations and safeguarding the dreams of crypto enthusiasts everywhere.
The petition's got momentum, with over 8,300 signatures and 569 more joining in just the past 24 hours. They’re aiming for a grand total of 10,000 signatures.
Keep in mind, while petitions can’t directly sway the legal machine, they can certainly spotlight the issue and rally more attention to the cause. So, grab your popcorn and stay tuned!
